Polish cableco Multimedia Polska is reportedly gearing up for a PLN1.1bn (US$348m) bond issue next week to refinance existing debt.
The Warsaw-based company plans to offer seven-year, secured bonds at about 300 basis points over the Warsaw Interbank…
Polish cableco Multimedia Polska is reportedly gearing up for a PLN1.1bn (US$348m) bond issue next week to refinance existing debt.
The Warsaw-based company plans to offer seven-year, secured bonds at about 300 basis points over the Warsaw Interbank Offered Rate, Bloomberg reported, citing three unidentified people familiar with the matter.
The bookbuilding process is set to close next Wednesday (24 April), the report stated.
Multimedia Polska, which claims to have had about 827,000 customers at the end of 2012, was not immediately available for comment.
The company reported revenues of PLN685.5m (US$218.4m) for the year ending 31 December 2012 and EBITDA of PLN351.4m (US$111.98m).
It last tapped the bond markets in June 2012, when it issued PLN250m (US$71.8m) of five-year bonds to refinance debt and make acquisitions.
